Saudi stocks falls as inflation data stokes rate hike fears: Opening bell

RIYADH: Saudi stocks started Wednesday lower on fears of aggressive rate hikes following an unexpected rise in US inflation. The Tadawul All Share Index was down 1.8 percent at 11,866, and the parallel market Nomu was down 1.12 percent at 20,763, as of 10:08 a.m. Saudi time. Saudi oil giant Aramco fell 0.94 percent, while Rabigh Refining and Petrochemical Co. declined 1.99

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